Best Fixed Deposit Rates for July 2020

Best 5 Year Rates for individuals 55 and older

1

Rank

African Bank

visit africanbank.co.za

10.01 %

effective annual rate

R 6 112

total earnings (*)

2

Rank

SA Retail Bonds

visit secure.rsaretailbonds.gov.za

8.16 %

effective annual rate

R 4 802

total earnings (*)

3

Rank

Fedgroup

visit fedgroup.co.za

8.08 %

effective annual rate

R 4 748

total earnings (*)

4

Rank

FNB

visit fnb.co.za

7.44 %

effective annual rate

R 4 316

total earnings (*)

5

Rank

Capitec

visit capitecbank.co.za

7.23 %

effective annual rate

R 4 177

total earnings (*)

6

Rank

Nedbank

visit nedbank.co.za

6.37 %

effective annual rate

R 3 617

total earnings (*)

(*) Total Earnings are estimated total interest earned for a R 10 000 investment. Interest paid out at maturity